The Reserve Bank of India (RBI) raised the policy repo rate by 35 bps to 6.25% after the conclusion of the Monetary Policy Committee (MPC) meeting today, 7 December 2022.
Street was expecting a hike of 25-35 basis points.
Shares of the iPhone manufacturer dropped 2.4% as a result of the news.
Bikaji Foods International advanced 3.40% to Rs 409 after the companys consolidated net profit jumped 43.6% to Rs 40.93 crore on 31.8% rise in net sales to Rs 576.97 crore in Q2 FY23 over Q2 FY22.
India's revenue intelligence unit is detaining the cellphones at the New Delhi airport due to an apparent error in the models and value of the devices.
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